Asset Manager, AVP (Student Housing & Self-Storage) Full Time

Responsibilities include, but are not limited to:

• Plan and organize asset objectives and resources to meet asset needs and financial goals.
  Evaluate pAssist in managing a diverse real estate portfolio focused on Student Housing and Self-Storage.
• Implement asset management strategies, including income and expense forecasting, leasing plans, capital budgets, value creation activities, and risk-return analyses for assetserformance against budgets, business plans and internal and external benchmarks.
• Anticipate issues that could impact the success of the assets.
• Establish leasing strategies and closely monitor property management teams and/or joint venture partners.
• Prepare annual budgets, business plans, valuations, appraisals, and leasing plans for assets.
• Prepare financial analyses and modeling to support asset management decision-making.
• Utilize data analytics regularly to inform asset-level strategy and drive performance.
• Assess the current and projected performance of properties.
• Partner with and oversee third parties responsible for day-to-day operations of the assets.
• Gain expertise in assigned markets through site visits, industry analysis, and networking; collaborate with internal and external teams to adjust property strategy for market shifts.
• Participate in regular property inspections to identify challenges, assess business plans, evaluate third-party operational performance, identify improvement opportunities, and communicate findings.
• Support the acquisitions team in new investment underwriting by providing market and leasing assumptions and participating in due diligence activities, as necessary.

Qualifications:

• Minimum 5 years of real estate asset management experience. Years of experience for this level can vary.
• Experience in Student Housing or Self-Storage is preferred. Experience in other property types is required.
• Ability to analyze and interpret market trends, third-party reports, and competitor surveys.
• Knowledge and experience with budgets and overall financial reporting, with the ability to analyze large amounts of data and identify improvement opportunities.
• Experience in defining, developing, and executing asset management strategies by overseeing and managing third-party property management teams.
• Possess knowledge of real estate investment management trends.
• Strong interpersonal skills with the ability to collaborate with others.
• Skilled in communicating complex issues clearly and professionally, both verbally and in writing.
• Experience in the investment due diligence process with the ability to provide local market leasing assumptions and competitive insights.
• Understanding of various real estate valuation processes and techniques.
• Strong financial modeling skills (ARGUS, Microsoft Excel) and proven ability to translate quantitative data into a narrative; experience with Power BI is a plus.

Job Location and Travel

• This position is based in our Chicago office.
• Our teams work in a hybrid environment and in-office days vary by team.
• Moderate to extensive travel required.

Source: Heitman Career Page

Tagged as: REPE Firm